PANews, July 27: According to Lookonchain monitoring, after $CXMT's listing, its price surged; whale 0xf292 currently holds a short position of 2.6 million $CXMT (valued at $18.36 million), incurring a loss of $1.7 million. This whale has also set take-profit limit orders between $2 and $4.5. The liquidation price is $16.91.
Whale Suffers $1.7M Loss from Shorting CXMT Amid Price Surge
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Summary
Whale activity has drawn attention as a major short position in $CXMT faces a $1.7 million loss. According to PANews, the whale with address 0xf292 holds a short position of 2.6 million tokens valued at $18.36 million. Whale movement is evident as the position nears liquidation at $16.91, with profit-taking limit orders set between $2 and $4.5.
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